COVID-19 Business Events Recovery & Rebound Framework
The Business Events industry has been one of the quiet achievers of the Australian economy – growing at around 6% annually since 2014, directly generating over $35 billion in economic activity in FY19 and employing over 229,000 people across a broad range of sectors and trades.[1] In FY2019, 43.7 million people attended more than 484,382 business events across Australia.[2] In March 2020, Australia’s BE industry rapidly shutdown with the escalation of government responses to the COVID-19. The impact of the pandemic and the Australian Government’s response is continuing to be felt across the economy. For business events, our reliance on in-person gatherings and interactions of people were particularly exposed to the necessary ongoing public health orders and restrictions. As a result, 96% of events scheduled for 2020 in Australia were cancelled or postponed.[3] Major international events due to be held in Australia in 2021 are increasingly in doubt. The COVID-19 Business Events Recovery and Rebound Framework aims to sustain the business events industry and position it to rebound and grow effectively following the pandemic. The framework identifies key challenges and solutions that guide the development of a targeted BE industry support package. The framework has been developed in line with the Government’s own principles for stimulus and industry support measures and has been divided into two phases. Each phase contributes to our industry’s overarching response and recovery goal to support the wellbeing of our workforce and businesses through the crisis, and to emerge together, ready to take on the new world of business events.
BECA COVID-19 Recovery and Rebound Framework About the Reports
Lost Business Report: Impacts of COVID-19 on the Business Events Industry was produced in April 2020 by McCrindle and commissioned by BECA. The report is the collation of quantitative data gathered by BECA through an online survey and a spreadsheet that was completed by businesses working in the business events industry, conducted between 19 and 24 March 2020. The report also includes analysis of and further modelling based on data from Ernst & Young reports The Value of Business Events to Australia, February 2015, as well as the 2016 and 2019 High Level Updates. Value of Business Events to Australia FY 2019 High-level Update, was produced by Ernst & Young (EY), 30 March 2020 and commissioned by BECA. This is a high-level update on the 2015 EY BECA Report, to estimate the value of business events to the Australian economy. The original report (2015 EY BECA Report) highlighted the importance of the business events industry to Australia, by estimating the economic contribution, value add and employment of the industry.
[1]Value of Business Events to Australia 2018/19, Ernst & Young, March 2020 [2]Value of Business Events to Australia 2018/19, Ernst & Young, March 2020 [3]Lost Business Report: Impacts of COVID-19 on the Business Events Industry, McCrindle, April 2020 |
Pre-Budget Submission
BECA continues to call for targeted government support to drive confidence and build momentum for Australia’s business events industry. In a pre-budget submission to the Assistant Treasurer, based on the Recovery and Rebound Framework, BECA highlights a new style of partnership with industry and commitment to collaborate with government to see the business events industry play its part in the recovery of the Australian economy. Download BECA's Pre-Budget Submission 2021-22
BECA joined a coalition of peak industry bodies in a joint letter to National Cabinet on the impact of internal border closures on business confidence and certainty. |
